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Re: $200 Million Dollar PowerBall ticket sold in Iowa

So this will net around $50-$60 mil after taxes on the lump sum payment. Even if this is a diehard cyclone fan, can you see any more than $10mil going to the AD? Don't get me wrong that's a lot of money, but would it be enough to get the endzone project jumpstarted?

Re: $200 Million Dollar PowerBall ticket sold in Iowa

If I got the 50-60 million, I would negoiate with Jamie to give around 15 Million specifically for the SEZ, and for that I wouldn't want naming rights, but would like a pair of Season tickets for the rest of my life. :)

Re: $200 Million Dollar PowerBall ticket sold in Iowa

Originally Posted by Gorm

If I got the 50-60 million, I would negoiate with Jamie to give around 15 Million specifically for the SEZ, and for that I wouldn't want naming rights, but would like a pair of Season tickets for the rest of my life. :)

No way you would get season tickets for life with that small of a donation.

Re: $200 Million Dollar PowerBall ticket sold in Iowa

Originally Posted by Clonehomer

So this will net around $50-$60 mil after taxes on the lump sum payment. Even if this is a diehard cyclone fan, can you see any more than $10mil going to the AD? Don't get me wrong that's a lot of money, but would it be enough to get the endzone project jumpstarted?

Depends on how you do it.

Donate partial ownership of the winning ticket to the ISU Cyclone Club. That portion would be tax free right? Lets says it's $100M lump sum before taxes..... give ISU 20% ownership and they get $20 outright and if your taxes are 40%, you get $48M to take home. If you took it all your self, you get $60M and then could only donate $12M to ISU to end up with the same $48M in the bank.

Get a lawyer, write it up, go to the lottery office in a limo with JP.

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